It is currently an investors market in Campbell with investors buying properties right, left and center in the beautiful city. However, most people have not realized that buying properties is not enough. These properties have to be rented out to the right people, rents have to be collected, taxes have to be paid, maintenance on the home is required and if the tenant leaves, another tenant has to be found and so on. The circle of work and responsibility is endless. This is particularly true if you are buying a home that is based in Campbell while you are located in another city about a hundred miles away.
It is necessary for investors to find a reliable Campbell property management company that will be able to deal with ground realities. For example, most good Campbell property management companies will do a range of jobs like-
• Advertising for vacancies for the listed homes. The tenants that have applied for the vacancy are reviewed. If necessary, credit checks are done and references are checked as well. The company will then screen and then place the tenants in the home after the tenant signs the necessary rental contract.
• The company will also take care of the home by visiting the home once a month or once in two months according to standing instructions from you. During the home visit, they will evaluate the home for damage and repairs and then carry out the necessary repairs. These repairs are then billed to the tenant who has to pay for them.
• If necessary, rental leases or contracts are renewed. Sometimes, tenants are evicted upon instructions from the property owner depending on their complaints from neighbors or city authorities. The company will deal with the legal paperwork and apprise the tenants and the house owners about the proceedings.
• Profit/loss statements about the house on the income from the house and expenses from house are listed and itemized for the house owner. The company will also collect rent, remove its management fee from the rental and then forward the rental to the house owner.
It is easy to fall in the trap of thinking that you can do this yourself without it taking a toll on your life’s activities even when you live only 15 minutes away let alone another city or state. A good property management company will make sure that your house is protected and ensure that vacancy rates are low for maximum returns on your property.